The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-10-05
Gen. George Solves a Problem
His Reply to the Inquiry Of the Mis-.
sissippi Farmers Alliance.
Opinion on Claim that the State
Owes Money 10 the Colleges.
He Goes Over the Whole Hist ,ry
OF the Case from A to lizard,
And Decides that the State Has Al.
ready Ovsrpaid tho IBsttiu.
tioss Nearly a Million.

ESPECIAL TO TEE APPEAL. |
JAcKsoN, Mise, Oct. 4--The Hon.
]. y. George has made response to the |
request Of the Farmers State alliance
Of Mississippi that be inquire into the
indebtedness Of the State to the Agri.
cultural and Mechanical college, the
Industrial female institute and the
State university. The answer 10 very
voluminous and will appear In full In
the Clarion Of tomorrow. 1t Ia sd.
dressed to ]. g. Hamilton, L L. /
Hsnns, W. r. Lscsy and other, com.
mittee Of the alliance. Senator George
begins ss follows:
Ireceived, several week, ago, by tho hands
Of your chairman, the resolution Of the
Farmers state alliance. directing you 10 in
| quire into the lessl obligations and indebted.
ana Mechanical college, The Industrial 70:
male institute and the state university, and
| with u your letter rt questiug me ito furnish
| you with the law and the facts necessary to
comply with the resolution Be orc this
| my attention has been called 10 q part Of
these subjects By public interest In them,
ard discussions, both oral and In print;
among the latter being o pamphe ct OF near
200 pages just istued by the university, in
1.-THE Financial History Of the University"
| In this II 10 claim d, with seeming conf
dence, that the States Indebtedness 10 that
| instii utiCn now amounts to about 3d. 600, 900;
and that this was exPec ed TO DO recognized
| OF sll0 900 at least Tor SltO,OOO, as was inii-
| mated was right,l as soon as tho state was
more fully recovered from tho effects Of the
late war. lnow proceed toanswer
Tbs following is an sbridgemort Of
NJ. Georges opinion, which would
ssuire fifteen columns Of the APPEAL
for iis full text:
Reference TO Huichinson,s cose- Rebru-
airy 20, 1879, Page SIS, records th,t Congress
granted thirty. elk sections Tor %, 0ie acresl
OF land situated In this stats, TO DO loe,ts
which ,hsli be vested in the Legislature Of
said state. 10 trust for the support ola iem-
mary Of learning theIein." On January "a.
1874, the legislature, In whom the title .
vested. provided for the lensioE for four
icssses should clear, fence aud build .
cabin on twenty &C ss Of each quarter zee
ton leased. The Auditor Of State -as au.
thoriI I'd 10 make the leases; In lsl two
1
ms Of those lands. From hese leases u l,
claimed by the taniyersity that the Auditor
collected q. t02. After nine years en-
gs,ien,,s the ,on LLsi"'is!ur, i iSo1d , thai
leasing unimpfovsd lands, and o.
March 2, 1888, provided for their sale
Three commits ioners were appointed 10 mp
prai,e them and advertl,e for the ale. 0i
the thru Monday OF the November follow n
,hsy we're oaeSsd fcr. sale at aactlJn. on /
credit Of one, two and three years. No sal
10 be made for less than three -iourtht Of tn
apgfsisemont The note, were to be secure
BIZ approved personal security and 10 b
taken parable and negotiable In the Planter
bank, and tho Au iilOr was T. Invest tic pro
cesds In the stock Of the bank for and on &C
count Of the fem nary fund. This bank va
money, The s.ls vas aall and asErsests'
SgT7, 2a2. 80, or el2 so per acre. the notes bear
Ing 10 per cent, A there Seems TO DO SOM
controversy abou, the inve'tmont o. m
mo ey Arrising fiom the sci 10 this bank
Il may BE- necessary 20 state Oh II the Planter
? bank was chartered three years before tn
sels Of The land. with an authorized capita
Of $4,000 which was aflefyard inefe.e'
Of az Of the trust fund.-, OF vh oh tn
State reserved o. 100000 for or eli. Th
people Of the sta'e h d gwen their app oya
q The bank 10 convention 70 lsia; III
o Tor I've education Of the p or eklidreb
utterly RIFT ng he basletl charge Asains
our Ilavs holding toreiathers by our n2rih
en- brethren, who claimed 40 had y
.% SsSon. ' ,s. settled RSi'' 20 e., q IL
ktAte 70 invest lis trust "a Dc In bApl
stock long before tho Planters bipl
: was thought Of. The fund. arising from p,
!, counties Of the $ ate, at d Of ou iet tolon.
" 10 all the counties Of toe state. % that !
n mar DO seen, " the people Of tbs stats are 4
: be- made liable with PEI cent. oompoun'
. iaSd py i i 10 Il. Piss,.rs ban
stock. that the liability ousht also 10 siten
10 the repayment this iubd 90 solemn
aud ntediy, devoted TO- the sdu
e.. mtd. 81, p, .sS SST ES' .c,i
y nov amouBt 10 about s2,p0.toQ, snd On
% not cent 4 a. been pad ta this day 4
you see that the Leg stufe put not : " III
peoples money. collected for soneTal pa,
:. Poss', arising rom frost funds IN this stOct
The peopls-the proper and rue owners o
all II ihsm-iully Ibdofssd the invsstmen
safe and pruds9t. 1he hes, people \
Ensland and the United ttaies indor ed u
10 this bank, aud When l. tailed u owsd th
federal government t2pQ.s -. . sol
larger han the vnole seminary fand. IN
university anphlet urge that the ban
vss young ip,tltutlon, nd that y. solver
| should have been anil 'irsied. Gov. NJ
Nuts marriage CT 1870 shows that the Audi
rot st..s had soli some Of the Der cen
s.ns' ,,,ts. pS n.p.i s;s.s s' lie. sis
Tuptsd The Pianiers' hank. isll upo
ali the bs.ks 10 the State a. We
AZ most ef then 10 the southern add ~ssisr
States. Not onis banks we're wVoGsd, bi
ktsts usasuriss we're b.ptroptsd. ia hi
,iss'ppi toe bios 10 ! with EXTREMIST SIEVE
Ity, snd more Than ons-h,lt Of ,he pro ef
In the state a 70, a On ef the shsfif's bau
, bsr. II the lands had been rsisihed %,
vouid not have bfeught a. much AZ 81 u
hbaneial orash a. they bad slfsady paid In
tie State treasury. Tbe Hon. jacob lhoIl
sen, Irsfidsnt Of the university board
uut'sss. Ia his reI ort 20 8ov. hokas